Area Banks to Honor Payroll Deposits for State Workers Affected by Budget Debate

Business Wire, July 15, 2004

SACRAMENTO, Calif. -- The California Bankers Association (CBA) today announced that several of its member banks are providing assistance to their customers who are also State of California employees affected by the state's budget impasse.

Those Capitol-area banks that will honor the payroll deposits of state employees, in alphabetical order are: Bank of America, Bank of the West, River City Bank, Union Bank of California, Washington Mutual and Wells Fargo. For details about the assistance being provided by these banks, customers should contact their local branch.

"Many of our Capitol-area banks, who service most of the affected state employees, believe it is important to recognize the contribution of these employees by allowing advances on their payroll during the budget impasse," said Michael K. Jones, interim president of CBA. "CBA supports their decision to do this and looks forward to the resolution of the state's budget situation."

Information about CBA

Established more than 110 years ago, the California Bankers Association (CBA) is one of the largest state banking trade associations in the country. CBA leads the way in developing relevant educational and legislative solutions to some of California's more pressing financial and banking issues, including financial privacy, predatory lending, usage fees, and financial elder abuse. CBA's membership includes more than 300 of California's commercial, industrial and community banks and savings associations.